1619 Ranchwood Lane
About This Property
Enjoy the best of both worlds with this unique property offering a peaceful, park like country feel just minutes from town. Situated on 1.17 acres beneath beautiful live oak trees, this single-story home offers 3,354 square feet of living space, a seasonal creek, and a setting that feels like a private country escape. Inside, beautiful wood-beam ceilings bring warmth and character to both the living room and family room. A striking two-sided fireplace shared by the living room and den creates a cozy focal point, while the spacious kitchen and two outdoor entertaining areas provide wonderful spaces for gathering with family and friends. Beyond the home, the possibilities are exceptional! A 1,600-square-foot shop with three-phase power offers incredible flexibility for home gym, hobbies, equipment, tons of storage, or projects, with potential for additional living space. The property also features a 2.5-car garage, solar to help offset utility costs, and a convenient continuous circular driveway connecting both the home and shop, with steps in between providing a handy shortcut. Adding even more value, this property offers the rare combination of over an acre of land, natural gas, and sewer service. With its mature oak trees, seasonal creek, generous space, and versatile shop, this is a special opportunity to enjoy country living without sacrificing convenience.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2026 | Listed by Premiere Real Estate | $1,225,000 | |
| Listed by Premiere Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017